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Moomoo Malaysia: Let's build a better financial future together!
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Good or bad, come on

There are several investment platforms in Malaysia. cgs-cimb, hongleong invest, rakuten trade, others do not understand. Deposit funds to the same day,It seems that after 5pm can not enter。
I personally prefer to use rakuten trade.
Good or bad, come on
Contra Account also has the same functionality as Cash Upfront Account, allowing you to transfer money into your investment account and start trading stocks.

However, it has one more feature: you can mortgage your cash deposit or stock to Rakuten Trade in order to get a higher trading amount. However, you have to make up this amount within two days.

The trading limit can be up to 5x, but it depends on the asset you stake and the stock you want to buy.

Let's say you want to buy stock A today, the price of a share of stock A is RM1. Stock A allows you to buy this stock with 5x Contra Multiplier, which is 5x its trading limit. If this time, you staked RM4,000 to Rakuten Trade, you would be able to buy 20,000 shares A.

That is, you used RM4,000 to buy a stock A priced at RM20,000.

However, you have to add up your RM16,000 balance within two days, otherwise the stock A you buy will be sold.
Hope to help everyone
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